Great Western Bancorp, Inc. (GWB) Upgraded to “Buy” by ValuEngine
ValuEngine upgraded shares of Great Western Bancorp, Inc. (NYSE:GWB) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
GWB has been the subject of a number of other reports. BidaskClub cut Great Western Bancorp from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a buy rating and issued a $46.00 price target on shares of Great Western Bancorp in a research note on Friday, July 28th. Piper Jaffray Companies reiterated a hold rating and issued a $41.00 price target on shares of Great Western Bancorp in a research note on Thursday, August 3rd. Zacks Investment Research cut Great Western Bancorp from a hold rating to a sell rating in a research note on Friday, August 18th. Finally, TheStreet cut Great Western Bancorp from a b rating to a c rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $45.44.
Great Western Bancorp (NYSE GWB) traded down 0.15% during midday trading on Wednesday, hitting $40.40. The stock had a trading volume of 45,454 shares. The company has a 50-day moving average of $36.71 and a 200-day moving average of $39.79. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 16.92 and a beta of 1.71. Great Western Bancorp has a 1-year low of $31.51 and a 1-year high of $45.62.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The firm had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that Great Western Bancorp will post $2.43 EPS for the current year.
A number of large investors have recently made changes to their positions in GWB. BlackRock Inc. raised its position in Great Western Bancorp by 49,025.7% during the 1st quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock worth $305,533,000 after purchasing an additional 7,189,614 shares during the last quarter. Bank of New York Mellon Corp raised its position in Great Western Bancorp by 28.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock worth $105,490,000 after purchasing an additional 565,508 shares during the last quarter. Macquarie Group Ltd. raised its position in Great Western Bancorp by 13.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock worth $134,895,000 after purchasing an additional 389,922 shares during the last quarter. Tributary Capital Management LLC bought a new position in Great Western Bancorp during the 2nd quarter worth $13,169,000. Finally, Dimensional Fund Advisors LP raised its position in Great Western Bancorp by 32.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock worth $53,710,000 after purchasing an additional 320,067 shares during the last quarter.
About Great Western Bancorp
Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
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